California Consumer Privacy Act: What FinServ Providers Need to Know

If you are a financial services provider located outside of California and think that this legislation won’t affect you, keep reading – I’ll address that shortly. In the meantime, did you know that financial services companies get attacked by cybercriminals over a BILLION times a year? As growing rates of data breaches and identity theft continue to take more than $16 billion from financial institutions (not to mention the damage that is done to their reputations), consumers are more concerned than ever about the privacy and security of their personally identifiable information (PII). As a result, a full 83% of Americans want the government to impose stricter regulations to protect their data privacy, which brings us to the highly anticipated Ca ...

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